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Dubai Chamber says Africa is an ideal destination for business

Dubai Chamber says Africa is an ideal destination for business

June 2016

Leading Dubai-based investors and businessmen unanimously agreed that the African continent is an ideal destination for investments. Africa’s rising middle class, geographical proximity and strong network of trading ties between Dubai and Africa’s business communities result in many opportunities for increased bilateral relations.

H.E. Majid Saif Al Ghurair, Chairman, Dubai Chamber, stressed that the Chamber has succeeded in exploring some of the most promising markets of the world for UAE investors, and now it is for these investors to convert their discussions into strategic partnerships and cooperation after the recent Chamber-organised trade mission to South Africa and Mozambique.

Al Ghurair further stressed that Dubai Chamber vigorously pursues its expansion strategy of penetrating new markets and is part of the emirate’s strategy of economic diversification.

There are now over 12,000 African companies registered with the Chamber, which is in line with the goals and common interests of the business community in reaching out to target markets. Al Ghurair added that there was the need to seek long-term investments in markets in East Africa.

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